1111, 2020

Going from start-up to revved up – growing your new business

Leaving your job to start your own business can be scary when you no longer have the security of a regular income to support household expenses.  Making sales, turning a profit and getting cash in the door fast are now your top priorities.  It may come as a shock to [...]

2610, 2020

4 cashflow-management principles guaranteed to be a gamechanger

Our case study about how Adrienne used the principles of Mike Michalowicz’s book, Profit First, really showed how cashflow is king. By following the recommendations of the book, Adrienne transformed her cashflow and made it through COVID. If you are wondering how to improve yours and not quite sure you [...]

2610, 2020

Can I claim that? A guide to tax deductible business costs

The number one question we get asked is “what business costs are tax deductible?”  The simple answer is - money spent on costs to run your business, that are not capital (for example, land buildings, plant and equipment) or personal are tax deductible.  But it is not that simple.  Australia [...]

2610, 2020

Case Study: Cashflow Management

Adrienne owns a small architecture firm and spent the 2018-19 Christmas break reading Mike Michalowicz’s book, Profit First.  She was so excited by the read and wanted to implement it in her business straight away.  I was a little sceptical as being an accountant I know that being in business [...]

2610, 2020

How to make the most of Xero

Xero is much more than a piece of software your bookkeeper and accountant use to magically produce financial statements, tax returns and BAS.   Many business owners see this powerful software as a glorified bookkeeper.   Used to its full potential Xero: Eliminates the need to keep paper records Has [...]

2010, 2020

Case Study: Things change; don’t act without getting up to date advice

2020 is a year like no other.  We’ve witnessed change at a rate and on a scale never seen before, making it challenging for businesses to keep up. When it comes to making decisions in business, it’s important to use only up to date advice, as the regulatory environment and [...]

810, 2020

Budget 2020-21: The JobMaker Budget

The budget delivered by Prime Minister, Scott Morrison, last Tuesday night was all about getting the economy moving after the shut-down caused by Covid-19.  The theme of the budget was getting people back into work and tax cuts.  So, what does this mean for small business? Uncapped write-off for eligible [...]

3009, 2020

Women in Finance, 2020 Accountant of the Year

This year, I decided I wanted to spread my wings and enter a few business awards. It is not normally something I do, being an accountant, I am used to being in the background. I entered the Women in Finance 2020 and won Accountant of the Year.  With the world [...]